August 29, 2018 / 8:12 PM / 4 months ago

CORRECTED-Salesforce reports 27 pct rise in quarterly revenue

(Corrects to add dropped word “to” in paragraph 2)

Aug 29 (Reuters) - Salesforce.com Inc reported a 27 percent jump in quarterly revenue on Wednesday, as customers looking to rein in costs boosted demand for its flagship Sales Cloud business.

Net income rose to $299 million, or 39 cents per share, in the second quarter ended July 31, versus $46 million, or 6 cents per share, a year earlier.

GAAP diluted earnings per share also benefited by 18 cents related to the partial release of tax valuation allowance as a result of the MuleSoft acquisition, the company said. Total revenue rose to $3.28 billion from $2.58 billion. (Reporting by Arjun Panchadar in Bengaluru; Editing by Sriraj Kalluvila)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below